Sage Specialty Hospital

204 Energy Pkwy, Lafayette, LA

$8,656,061

Price

6.25%

Cap Rate

$541,003.84

NOI

Overview
Cap Rate
6.25%
NOI
$541,003.84
Building Size
53,290 sqft
Lot Area
7.375 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
1994 / 1995
Price Per Sqft
$162.43
Tenancy
Single
Lease Expire Year
3/17/2037
Description

St. Joseph Hospital and Sage Specialty Hospital are located in Lafayette, Louisiana. These properties are both located near Highway 90 where traffic counts average 54,522 vehicles per day. Other nearby tenants include Walmart, Dollar General, Starbucks, Taco Bell, Office Depot, Outback Steakhouse, etc. These properties are also located near the University of Louisiana where approximately 16,200+ students are enrolled.

Highlights
  • Sage Specialty Hospital is on a NNN lease with more than 12 ½ years remaining and 2% annual rent increases.
  • Sage Specialty Hospital (LTAC) offers patients with complex medical conditions the continued intensive medical care they need when discharged from a traditional acute care hospital but need additional time to recover before the can go home or be admitted to a rehabilitation hospital or skilled nursing facility. Interventions for medically complex patients include ventilator/respiratory care, complex would care, long-term IV therapies, and trauma care with the goal of the patient returning to their highest level of functioning.
  • The Carpenter Health Network is a well-established healthcare operator with 38 locations across the south in Texas, Arkansas, Louisiana, Mississippi, Alabama, and Florida.
  • This property is located near Ochsner Lafayette General Medical Center with 334+ Beds and The University of Louisiana Lafayette where approximately 16,200+ students are enrolled.
  • 5-mile population of 138,859 and average household income of $93,630.
  • Lafayette is located in the heart of Cajun and Creole Country, and is known as the “Happiest City in America.” Lafayette offers a unique blend of culture, music, food, and natural beauty and is steeped in French Acadian and Louisiana Creole traditions.
Documents
Title
The_Carpenter_Health_Network_Portfolio_MP_-_R.pdf
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Location
Gallery